general solicitation

It’s day one of the new general solicitation rules allowing companies to openly advertise that they’re fundraising, and Betaworks is wasting no time. It’s just emailed asking its thousands of Openbeta testers to invest in it through AngelList Syndicates. It’s not the only one diving head-first into general solicitation, indicating the new rules will have a profound… Read More

Today, the U.S. Securities Exchange Commission’s final rules allowing general solicitation went into effect. In the fundraising context, general solicitation means publicly advertising the fact that you’re raising money. Previously, this was a big no-no. Read More

With the loosening of the SEC’s restrictions around general solicitation or public fundraising by startups, AngelList is launching a suite of products that could extend its influence (and its revenue model) in the tech ecosystem today.
Much has been made of how AngelList’s new ‘Syndicates’ program could revolutionize early-stage funding for startups. Regular angels… Read More

On Monday, the legal framework for startup fundraising will change. Because of the JOBS Act, you will be able to publicly announce that you’re raising. This is not crowdfunding — you still have to raise from accredited (“rich”) investors. But, by raising in public, you will have to work harder to verify that your investors are accredited. Read More

Everyone passionate about the startup company funding ecosystem was overjoyed by the news last week that “general solicitation” would soon be okay for startups looking for angel investors. With one fell stroke, the artificial networking inefficiency imposed by the ban on public communication would be gone. Entrepreneurs and accredited investors would be able to talk freely. Read More